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Amazon to lay off employees in Prime Video, Studios divisions

Economic Times · 1y

Amazon.com is set to lay off several hundred employees in its Prime Video and Amazon MGM Studios divisions, according to a note seen by Reuters. The company plans to reduce or discontinue investments in certain areas while focusing on content and product initiatives that will have the most impact. Additionally, Amazon's streaming unit Twitch is expected to cut 35% of its staff, or about 500 employees, as it continues to remain unprofitable.